Starting a business specializing in portraiture

Started 11 months ago | Discussions thread
BAK
BAK
Forum ProPosts: 19,184
Like?
3 kinds of insurance (or more)
In reply to spytrek007, 11 months ago

1/ Equipment insurance. This pays for repairs or replacement if the equipment is hurt in various ways, or stolen. Buying this is a gamble; if you take care of the equipment, you won't need the insurance.

2/ Business insurance. This covers fraud, accusations of misbehaviour, may cover income replacement, may cover hiring replacement people if you cannot work yourself. As with much insurance, buying this is a gamble. If you don't get sued...

3/ Liability insurance; this is what we've been writing mostly about in this thread. Depending on your business, this may be a necessity. Did you go to the Toronto web site I sent you to? It says photographers need liability insurance, or they cannot take pictures. No choice.

Liability insurance cover damage to a person or a place if a light stand falls over; if a subject backs up while standing beside a canal, if someone does not set the brakes on a car in a photo and the car runs into the catering table; and so on. Put a kid in a tree and the branch breaks, you need liability insurance.

If you shoot in a few fully public places, there are no governments or commercial owners demanding liability insurance. But it is getting hard to find these places for COMMERCIAL photos.

BAK

Reply   Reply with quote   Complain
Post (hide subjects)Posted by
Keyboard shortcuts:
FForum PPrevious NNext WNext unread UUpvote SSubscribe RReply QQuote BBookmark post MMy threads
Color scheme? Blue / Yellow